According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) edged higher by 0.1% in January following a 0.1% decline in December and a 0.2% decline in November. During January, chemical output declined across all regions except the Gulf Coast.
Chemical production was mixed over the three-month period. There were gains in the three-month moving average (3MMA) output trend of organic chemicals, plastic resins, chlor-alkali, industrial gases, synthetic dyes and pigments, other inorganic chemicals, synthetic rubber, manufactured fibers, and fertilizers. These gains were offset by declines in the output of coatings, adhesives, other specialty chemicals, crop protection chemicals, and consumer products.